On March 11, 2022, Pontus Protein Ltd. closed the transaction. The company has amended the terms of the transaction. The company has issued 9,097,500 shares at a price of CAD 0.16 per share for gross proceeds of CAD 1,455,600.

The warrants including 9,097,500 share purchase warrants to purchase 9,097,500 shares at an exercise price of CAD 0.30 for a two-years. The transaction include participation from 26 placees including total pro group involvement 125,000 shares (one placee). The company paid finders' fees to PI Financial Corp.

of CAD 7,680 in cash and 48,000 finder's warrants and to Haywood Securities Inc., for CAD 1,600 cash and 10,000 finder's warrants.?